07:08 AM EDT, 09/18/2025 (MT Newswires) -- Zacatecas Silver ( ZCTSF ) overnight Wednesday increased its previously announces private placement financing from 41.7-million units to 62.5-million units at C$0.06 each for $3.8 million from up to $2.5 million.

Each unit will consist of one common share and one two-year warrant, with each warrant exercisable at $0.10 per share. The company said it has the right to accelerate the expiry date if, at any time, the volume weighted average price of the shares on the principal exchange or market on which the shares trade is equal to or greater than $0.20 for 20 consecutive trading days.

Proceeds will be used to fund a drilling campaign on the Zacatecas Silver ( ZCTSF ) project, strategic initiatives and working capital needs.

Shares of the company closed down 4.5% to $1.05 on Wednesday on the TSX Venture Exchange.